Best Credit Cards for August 2023

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Top cards for you in August 2023

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August, the month of celebrations in India, is upon us, bringing with it a plethora of significant events like Independence Day, Raksha Bandhan, Onam, and more. As we immerse ourselves in the joy of these festivities, our expenses naturally increase with gifts, outings, and gatherings. However, worry not, for this August, we have a secret to share -- with the right credit card, you can not only manage your expenses but also earn generous cashback rewards. In this article, we will explore some of the best credit cards available in India in August that offer attractive cashback benefits, making your celebrations even more delightful and pocket friendly.

AXIS Magnus Credit Card

The AXIS Magnus Credit Card is a premium offering that provides exciting cashback opportunities. With this card, you can earn cashback on various categories such as dining, fuel, travel, and online shopping.

Joining Fee - Rs. 10,000 + GST

Renewal Fee - Rs. 10,000 plus taxes

Issued on - Mastercard.

Welcome Benefits

Choose any one of these - Tata Cliq voucher or a free domestic flight ticket worth Rs. 10,000.


Movie & Dining:

Get up to Rs. 500 off on tickets on BookMyShow (max 5 times a month), 20% discount at 4,000+ restaurants across India under the Axis Bank Dining Delights program.

Lounge access:

Unlimited complimentary international and domestic airport lounge access for primary cardholders.

Reward Scheme:

12 Axis EDGE REWARDS Points for every Rs. 200 spent with the card, 5X EDGE REWARDS on travel spends via TRAVEL EDGE.

1 Edge Reward = Re. 0.20

AXIS Privilege Credit Card

The AXIS Privilege Credit Card is tailored for those who seek exclusive privileges and benefits. The card offers cashback on select categories like dining, utility bills, and international spends. Apart from cashback, you get exclusive deals on entertainment, making it perfect for a luxurious celebration experience.

Joining Fee - Rs. 1,500/Nil (for priority banking customers)

Renewal Fee - Rs. 1,500/Nil (for priority banking customers)

Issued on – Visa, Mastercard

Welcome Benefits

12,500 EDGE REWARD Points on payment of joining fee & 6,250 EDGE REWARD Points for priority banking customers.


Dining: Up to 20% discount at 4,000+ partnered restaurants.

Lounge access: 2 complimentary visits to the domestic lounges every quarter.

Reward Scheme:

10 EDGE Points on every Rs. 200 spent using this credit card.

1 EDGE Point = Rs. 0.20

HDFC Millennia Card

With its enticing cashback offers on online shopping, groceries, and dining, HDFC Millennia Card becomes an ideal choice for celebrations with friends and family. Moreover, the card provides discounts on travel and exclusive offers on e-commerce platforms, adding to the joy of celebrating without overspending.

Joining Fee - Rs. 1,000 (plus applicable taxes)

Renewal Fee - Rs. 1,000 (plus taxes).

Issued on - Mastercard, Visa

Welcome benefit.

1,000 CashPoints as a Welcome Benefit.



Up to 20% discount at partner restaurants with complimentary Swiggy Dineout

Lounge Access:

2 complimentary visits per quarter. (8 in a year)

Reward Scheme

5% cashback (as CashPoints) at select partner online merchants and 1% cashback (as CashPoints) on all other spends (except fuel, rental, and govt. related transactions)

1 CashPoint = Re. 1

HDFC MoneyBack Plus Card

The HDFC MoneyBack Plus Card is a popular choice for those seeking a straightforward cashback card. With this card, you can earn cashback on all your retail spends, making it versatile and perfect for all the expenses you'll incur during the festive season. The card also comes with added benefits like fuel surcharge waivers and zero liability on lost cards, providing peace of mind while celebrating.

Joining Fee - Rs. 500 (plus applicable taxes)

Renewal Fee - Rs. 500 (plus applicable taxes)

Issued on - Visa, Mastercard

Welcome Benefits

500 CashPoints

Reward Scheme

2 CashPoints for every Rs. 150 you spend on retail purchases, 5X CashPoints per EMI spends at select merchants, 10X CashPoints on partner brands.

SBI Card SimplyCLICK

The SBI Card SimplyCLICK is an excellent choice for those who love to shop online. This card offers attractive cashback rewards on e-commerce spends, making it perfect for your August expenditure. Additionally, the card provides milestone benefits and discounts on partner websites, making it even more rewarding.

Joining Fee - Rs. 499 (plus applicable taxes)

Renewal Fee - Rs. 499 + GST

Issued on – Visa, Mastercard

Welcome Benefits

Get an Amazon e-voucher worth Rs. 500 as a welcome benefit after paying the annual fees.

Reward Scheme

1 Reward Point for every Rs. 100 spent on offline spends (reward rate is 0.25%), 10X RPs on online spends at partner merchants. 5X RPs on other online spends (reward rate = 1.25%)

1 RP = Rs. 0.25

SBI Card Pulse

The SBI Card Pulse is a suitable option for those looking for a simple yet rewarding cashback credit card. Cardholders can earn cashback on dining, groceries, and other daily expenses, allowing you to save while celebrating. The card also offers fuel surcharge waivers and easy payment options, making it convenient to manage expenses during the festive month.

Joining Fee- Rs. 1,499 + GST

Renewal Fee- Rs. 1,499 + GST

Issued on- Visa, Mastercard

Welcome Benefits

A Noise ColorFit Pulse Smart Watch worth Rs. 5,999. Also get complimentary Fitpass Pro membership, and complimentary Netmeds First membership.


Movie & Dining

10 Reward Points per Rs. 100 spent on movies and dining.

Lounge Access

2 complimentary domestic lounge visits per quarter.

Reward Scheme

10 Reward Points per Rs. 100 spent on Pharmacy, Chemist, movie & dining and 2 Reward Points per Rs. 100 spent elsewhere.

1 RP = Re. 0.25

Choosing the correct credit card will help you manage your costs while you're having fun. Remember to choose a card that aligns with your spending habits and preferences to make the most of these cashback rewards. With responsible credit card usage and timely bill payments, you can ensure a financially rewarding and joyous August, filled with cherished memories and delightful moments. Happy festivities and happy savings!

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